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Nov 21, 2012
11/12
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is congress taking the fiscal cliff seriously enough? joining me right now, the man in charge at insurance broker willis group. joe is also on the fix the debt campaign. it's great to have you on the program. >> nice to see you again. >> thank you so much. we had this big rally in stocks on monday. on some rhetoric, i guess, that led investors to believe there was optimism we will get a deal done on this fiscal cliff. now they've left town. what do you think happens? >> i don't understand why there's not a sense of urgency. i agree with mario. i don't know that people appreciate the fact what cliff means. remember sundance kid, butch ka cassidy, when they jump over the cliff and they fell? the taxes are going to go up. interest rates are going to go up. nobody will be able to borrow any money. you can't buy a house. you're not going to be able to do anything that you want to do that you do today. as a result, that's what the cliff means. so if the government doesn't fix this issue and come together and get sane, then the bond markets are
is congress taking the fiscal cliff seriously enough? joining me right now, the man in charge at insurance broker willis group. joe is also on the fix the debt campaign. it's great to have you on the program. >> nice to see you again. >> thank you so much. we had this big rally in stocks on monday. on some rhetoric, i guess, that led investors to believe there was optimism we will get a deal done on this fiscal cliff. now they've left town. what do you think happens? >> i...
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Nov 21, 2012
11/12
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i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and there's a famous bell ringer himself joining us here at the new york stock exchange. of course, the marines and all of the armed forces always get a big hand when they come to the floor of the new york stock exchange. we're very glad they're with us today. what are you going to buy here? do you feel we've seen the lows for the year here? >> i think that right now the market's realized we're going through some sort of a brush fire. if we go past the end of the year and we have nothing and no prospects, then i think we have to worry about the forest. right now it's one of cautious optimism. >> but you have to operate your
i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and...
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Nov 28, 2012
11/12
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, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a mo
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today,...
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Nov 21, 2012
11/12
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fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo chairman and ceo dick kovacevich. also mario gabelli, take a look at the "squawk box" market indicator. wow, not often you see that. markets indicated flat. you can see s&p futures are down by less than a point. ten-year note is also flat at this point. crude oil up by just about $1. and gold up by $3.90. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-
fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo...
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Nov 26, 2012
11/12
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CNNW
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the senate back from the holidays to try a pullback from the fiscal cliff. some republicans, they are now abandoning their new higher taxes pledge. let's get to it. >>> just an hour or so, the senate is going to reconvene after taking a break for thanksgiving. it's the lame-duck session, as we know, but lawmakers got plenty to do. not much time to do it. congress and the white house have just 36 days to reach a budget deal to prevent falling offer the so-called fiscal cliff. if not, it would trigger more than $500 billion in automatic spending cuts and tax hikes. >>> a series of tax increases and spending cuts that could do damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise, i think, first of all, the markets are going to start reacting. >> it's not a done deal, and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmaker
the senate back from the holidays to try a pullback from the fiscal cliff. some republicans, they are now abandoning their new higher taxes pledge. let's get to it. >>> just an hour or so, the senate is going to reconvene after taking a break for thanksgiving. it's the lame-duck session, as we know, but lawmakers got plenty to do. not much time to do it. congress and the white house have just 36 days to reach a budget deal to prevent falling offer the so-called fiscal cliff. if not, it...